Pacific Ridge Capital Partners LLC Has $2.46 Million Stake in BM Technologies, Inc. (NYSE:BMTX)

Pacific Ridge Capital Partners LLC lowered its holdings in BM Technologies, Inc. (NYSE:BMTX) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 503,711 shares of the company’s stock after selling 64,371 shares during the period. Pacific Ridge Capital Partners LLC owned about 4.16% of BM Technologies worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BMTX. Capital Investment Advisory Services LLC bought a new stake in shares of BM Technologies in the 4th quarter valued at about $79,000. Geode Capital Management LLC raised its stake in BM Technologies by 4.4% in the third quarter. Geode Capital Management LLC now owns 96,667 shares of the company’s stock valued at $329,000 after buying an additional 4,031 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of BM Technologies in the fourth quarter valued at approximately $611,000. 20.15% of the stock is currently owned by institutional investors and hedge funds.

BM Technologies Stock Performance

BMTX stock opened at $5.00 on Thursday. BM Technologies, Inc. has a 1-year low of $1.45 and a 1-year high of $5.16. The business’s 50 day simple moving average is $5.00 and its 200 day simple moving average is $4.50. The firm has a market capitalization of $60.50 million, a PE ratio of -4.50 and a beta of 0.17.

About BM Technologies

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.